Description
⋅ NEM (XEMBTC) is printing a strong bullish candlestick to break above EMA10/50 and signal that this altcoin pair is also ready to move.
A high volume breakout above EMA50 is a strong bullish signal.
EMA50 is the magenta line (0.00000493) you can see on the chart above.
EMA100 is the blue line (0.00000570) and potentially the next target if XEMBTC closes above 0.00000511 today.
The RSI is strong at 60.57.
The MACD is on the bullish side.
This chart is bullish and is signaling that XEMBTC can continue growing in the days and weeks to come.
If the prices move down and close below EMA10, then the potential from this pair switches from bullish to bearish.
Right now, NEM is bullish, growing and ready to grow some more... All the details are on the chart.
Thanks for reading.
Namaste.